KeyBanc Downgrades Aeropostale, Inc. (ARO) to Hold

February 25, 2013 9:13 AM EST
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Price: $0.15 --0%

Rating Summary:
    6 Buy, 31 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc downgraded Aeropostale, Inc. (NYSE: ARO) from Buy to Hold saying they believe that the middle income consumer remains pressured.

The firm comments, "With a +15% increase in gas prices since January 17, 2013, a roughly $36 billion gap in tax refunds paid year-over-year, and the impact of the payroll tax, we believe that consumers remain pressured. For Aeropostale, the Company is still in the early innings of moving its logo business to a higher fashion content business. Change comes slowly in such processes, and the de-emphasis on logo may pressure near-term results."

NOTE: Ascena Retail Group, Inc. (NASDAQ: ASNA) was also downgraded.

For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $12.76 yesterday.

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